Bernardo Wealth Planning LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Bernardo Wealth Planning LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 610 shares of the software maker’s stock, valued at approximately $177,000.

Other hedge funds have also added to or reduced their stakes in the company. BNC Wealth Management LLC bought a new position in shares of MicroStrategy in the 4th quarter worth approximately $898,000. Wealth Alliance Advisory Group LLC grew its position in shares of MicroStrategy by 22.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 1,472 shares of the software maker’s stock worth $426,000 after buying an additional 272 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of MicroStrategy by 353.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 12,126 shares of the software maker’s stock valued at $3,512,000 after purchasing an additional 9,452 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of MicroStrategy by 45.7% during the fourth quarter. HB Wealth Management LLC now owns 2,737 shares of the software maker’s stock valued at $797,000 after purchasing an additional 858 shares in the last quarter. Finally, Premier Path Wealth Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $329,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last three months. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Up 8.0 %

Shares of MSTR stock opened at $396.50 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00. The stock’s 50 day simple moving average is $363.86 and its two-hundred day simple moving average is $234.79.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the company posted ($8.98) EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MSTR. Maxim Group raised their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.